When Used to Connect with Customers or to Connect Employees

question 2

Multiple Choice

When used to connect with customers or to connect employees with co-workers in other locations, social media ________.

• A) provide a means for customers to order products online
• B) create distractions that can keep employees from being productive
• C) provide information for competitors that give them a competitive advantage
• D) can create a competitive advantage

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Definitions:

Economic Losses

The decrease in wealth or resources experienced by an individual, organization, or country, typically measured by cost incurred that are not offset by gains.

Value of Resources

The worth placed on natural, human, and capital assets based on their utility in producing goods and services.

Long Run

A period of time in economic analysis where all factors of production and costs are variable, allowing for full adjustment to change.

Average Cost Curve

A graphical representation that shows the cost per unit of output at different levels of production.